 On sustainability is Dr. Magnus Olofsson. He's senior advisor to Nordic energy research. So please welcome Dr. Magnus Olofsson. Thank you, ambassadors, officials and all. I'm very happy being here in Ireland, the front runner in renewables and in digitalization. And I will actually focus on the green transition and digitalization in the Nordic Baltics. And I come from the Nordic Energy Research. That's a platform for cooperative energy research and policy development under the Nordic Council of Ministers, as you well know as an organization. And we fund R&D to promote a sustainable future and we contribute to policy making. And we contribute on a different level depending on topic because sometimes it might be sensitive. But we try to deliver some facts and then of course it's up to the politicians to act on these facts. And one very important basis I would say is this document that we have been released twice. This is Nordic Energy Technology Perspectives, NETP. And the last edition was in 2016. You can find it on the web. That was made together with the International Energy Agency. So it's a thorough assessment. You can say it's an optimization on how to reach the climate goals in the most cost-effective way. Even the assumptions on technologies and policies and everything that we have put into the model. That was done through a Nordic collaboration. I mean we are activating the universities and experts throughout the Nordic countries. And sometimes also in the Nordic Baltic context I will come to that. So here is one of the results out of this big study. And we can see, I don't know if you see all the details here. But if I summarize the world's CO2 it has gone up a lot since 1990 there as you see. So we are on the wrong track and we need to go down and we have this two degrees target that is bending down. But then we see the Nordic actually, the Nordic has actually gone down in emissions. And we put in in this study a carbon neutral scenario actually where we reach 85% reduction. The last 15% we take on flexible actions in other countries. So what we have done recently is that we have actually started a tracker. And maybe before I come to that I will actually say that, yeah. It was a prime minister meeting in Finland in Helsinki in January. And actually the Nordic countries agreed to say that the aim of the Nordic country is to be carbon neutral. And to demonstrate leadership in the fight against global warming. So this is a really strong statement from the Nordics together as a joint entity. And we have also seen countries launching targets like Sweden with no net release of greenhouse gases 2045. And we have seen also Finland coming with 2035. And we can't really compare just now years because there might be some definitions difference in definition. But still I can add the least with the other countries also. We have very strong ambitions in the climate that's for sure. And we are actually on the on the way there. And I brought some paper printouts of this tracker that I should mention that is actually following up on the carbon neutral scenario. Launched in 2016. How do we do in these different areas to really come to the to the target. And I have like 20 of these here. And you can also see it. You can find it on the web also. And this is from the tracker down so we can see that the only green one that we are really on track is the transforming of the power sector. They were really doing well. We are building a lot of wind, for example, wind power. So and I mean we are already very good, but close to 90 percent climate neutral power in the Nordic. So we are already very well. But we are continuing on that track. The big picture is yellow them. So we would need greater efforts. And then you have some red that boosting bioenergy, the carbonization of industry, energy efficiency and smart buildings. Energy storage and so on. I can't go through. I don't I only have like 10 minutes. I don't have time, but we can just have a look at at the big picture here. And we see really that the GDP is forecasted to continue growing a lot. So it's a decoupling. And then we see that we forecast or we see that the emissions would continue reducing towards this target. And we are actually, I would say almost on track here. And yeah, this is just showing the progress in the combined power and district heat sectors together. And we see that the trend is going down. And yeah, this is on track electrification. We heard from you, Eric, about electric vehicles. And this is really, I mean, Norway is really the front runner here. And Sweden is also now has launched stronger policy policy tools and so on. So it's going to pick up and we are on track there for the light duty. But we see some good examples. This is, for example, an electrified ferry between Sweden and Denmark. And there are many in Norway as well and other countries coming or already in operation, I would say in Norway. And we also have actions on making highways, for example, electrified. This is one test from Sweden. There's another one in Sweden where you have the power actually under the truck. Yeah, there are various initiatives, but still it must go much faster because as we know, we have to speed up this transition. Then just a very few words about the Baltic perspective also. We actually did a smaller study close to this Nordic study related to that one. We recall Baltic energy technology scenarios. Try to kind of see what would be the optimal transition in the Baltics. And that was, of course, done together with the Baltic countries. I mean, it was a joint effort. And we adopted a model and actually we have to, when you do this modeling, you have to model a big area, not just the Baltics. You have to be, so it is just showing that. And this is the result of the optimization. This is from electricity only. And as you can see, according to this optimization, it will take some time to be self-sufficient. So it will be more based on import. And then after a while, wind and solar will actually grow quite heavily. The reason for the delay is that it's actually wind and solar are not that much. I mean, the natural resources are less in the Baltics than in, for example, in Norway with wind and Sweden also. So then it makes more sense to import. So this is kind of from the optimization. Yeah, I think I skipped this one. Then I would like to just say a few words about something that is really close to my heart. That is the digitalization of the power system. And we are actually setting up a fairly big research R&D or RD&I program, what we call Node Grid, together with transmission system operators in the Nordics, all of them. And we are getting there. And this is actually in line with Jorma Ollila, his advice. He got the task to make a thorough assessment of the energy sector in the Nordics and see what is really needed to make the sector move ahead, the whole energy sector. And he has a lot of proposals. And this is one that he would like to see to create the smartest energy system in the world in the Nordics. And this is really in line with that, that we would actually use more of digitalization. And I mean he was the CEO of Nokia and actually I spoke with him myself and he said that of course, I mean why shouldn't the Nordics be the lead in this? I mean we have the expertise in the digitalization and it should just be more adopted into the power sector as well. So he proposed a big R&D program and now we are trying to materialize it. And here is some rationale behind why we should do this Node Grid project. And it's quite obvious, I mean all these changes with more wind solar and interconnections, less thermal power, higher complexity, larger and faster variations as you of course have it here in Ireland as well. And then of course we have the opportunity to use the digitalization. So we don't do it the old way, we should do it the new way. I don't know if I'm running out of time. This is just showing from the NETP the projected interconnections within and between the countries in the Nordics and also with the rest of Europe here. So it's quite an extensive transition also in the grids. Yeah, so if I make it just very, very simple. I mean today for example, if they're going to call for 200 megawatts more of generation if something happens in the system, actually pick up, still pick up the phone, the physical phone. And that's the reason it's mainly cyber security. That, I mean if you would make that completely digital, it's too high risk. You need a human in between as like, otherwise it's, I mean it's the risk for blackout. I mean we need to keep the lights on. But there are many things, I have a list of examples here but I don't think I have time to go through it. But it's really many, many opportunities to use digitalization in the power system for a more reliable, more cost effective, smarter power system. And the way of course to do this is to do it together. This is an African proverb that if you want to go fast, go alone. But if you want to go far, go together. And that's the way we work in the Nordics and Nordic Baltics. Hopefully together with Ireland as well. So thank you.